Business
Final results for the year ended 31 December 2024
Final results for the year ended 31 December 2024.
About this update from Facilities By Adf Plc
[{"type":"text","content":"\n\n6 May 2025\n \nFacilities by ADF plc\n \n(\"Facilities by ADF\", \"ADF\", the \"Company\" or the \"Group\")\n \nFinal results for the year ended 31 December 2024\n \nFacilities by ADF, the leading provider of premium serviced production facilities to the UK film and high-end television industry (\"HETV\") announces its audited final results for the year ended 31 December 2024 (\"FY24\"). \n \nFinancial highlights\n \n\n\n\n\n£M\n\n\n31 Dec 2024\n\n\n31 Dec 2023\n\n\n\n\nGroup revenue\n\n\n35.2\n\n\n34.8\n\n\n\n\n*Adjusted EBITDA\n\n\n7.2\n\n\n7.3\n\n\n\n\n*Adjusted EBITDA %\n\n\n20.3%\n\n\n21.0%\n\n\n\n\n(Loss)/profit before tax\n\n\n(2.8)\n\n\n0.6\n\n\n\n\nEarnings per share\n\n\n(3.42p)\n\n\n0.99p\n\n\n\n\n \n \n\n\n\n\n· \n\n\nGroup revenue of £35.2m (FY23: £34.8m), reflecting the continued project delays across the film and HETV industry as it recovers from the USA Writers (Writers Guild of America (WGA)) and Actors (Screen Actors Guild - American Federation of Television and Radio Artists (SAG- AFTRA)) strikes (the 'Strikes').\n\n\n\n\n· \n\n\nAdjusted EBITDA of £7.2m, with the margin broadly consistent year-on-year at 20.3% (FY23: 21.0%).\n\n\n\n\n· \n\n\nGroup cash as at 31 December 2024 was approximately £2.3m, with net debt of approximately £13.8m. Debt balances principally relate to hire purchase contracts against the hire fleet and all Group debt is covenant free. The Group expects to be cash generative in FY25.\n\n\n\n\n· &nb...